Rivercove Residences Anchorvale EC

Launching in Mar 2018

Rivercove Residences EC

"Anchorvale Lane EC site fetches 16 bids; top bid from Hoi Hup"

Business Times

probably the One & ONLY EC in 2018

Rivercove Residences Executive Condominium is the latest rare waterfront residential development by renowned developer - Hoi Hup Sunway Sengkang Pte Ltd. It is situated @ Anchorvale Lane, Sengkang in district 19. This 99 years leasehold development comprises of 10 residential blocks of 16 Storey and come with full condo facilities. It has a total of 628 units of 3 to 5 bedroom with well design layouts, quality finishing and branded fittings and appliances. Estimate TOP Sep 2020

Hoi Hup Sunway

rare waterfront living

Rivercove Residences Anchorvale EC is the latest rare waterfront residential development by renowned developer - Hoi Hup Sunway Sengkang Pte Ltd. This park connector connected Rivercove from Sengkang Riverside all the way to Punggol Waterway and ending with Punggol park in Hougang

education

Nan Chiau Primary is one of the well sought after primary school in Sengkang. Rivercove Residences Anchorvale EC is located within a short walking distance. Other primary schools within 1km from Rivercove is Anchor Green, Fern Green and Spring Primary.

Location of Rivercove Residences Anchorvale EC

Rivercove Residences is the latest Executive Condominium in the Anchorvale Lane neighborhood of Sengkang, Singapore. It is expected to launch in the 1st Quarter of 2018. This project is jointly developed by Hoi Hup Realty and Sunway Developments, both are Singapore’s well established developers. Hoi Hup Realty is the developer who fully sold out 100% of their Hundred Palms Residences EC in Yio Chu Kang Road few months ago within 7 hours.

Rivercove Residences EC comprises 10 blocks of 16 storey height approximately 628 residential units. An resort style executive condominium with comprehensive facilities for the residences, a rare waterfront EC. Hoi Hup Realty featured Smart Home Technologies such as the digital lock and an extensive camera system, residents are rest assured by the top-notch home security network. Rivercove Residences at Anchorvale is loaded with wide-spread and exclusive amenities, these include a guard house, Function Room, Clubhouse, Basement Carpark, Wading Pool, Jacuzzi, Indoor Gym, Tennis Court, Children Playground and outdoor BBQ Dinning Area, Pavilion. Rivercove Residences is laden with complete family entertainment perfect for you and your family. So, pamper yourself, come and experience this calm and tranquil existence in the heart of Sengkang.

Executive Condominium are an attractive option for first-timers or HDB upgraders which cater for sandwich class, those with a household income of up to $14,000. As a result, ECs are usually priced at a 20% to 30% discount to comparable private condos. Furthermore, First-Timers entitle grant up to $30,000. This would give home buyers more room for Price Appreciation and immediate paper gain.

With the Strong Demand of an Executive Condominium in the North East region of Singapore, we will foresee Rivercove EC will be another strong demand project in 2018!

Next EC launched in Sumang Walk in 2019 will likely be above 1000 psf! See Sumang Walk land bid below

27 Feb 2018 - ChannelNewsAsia : Sumang Walk EC land bid

The Housing and Development Board (HDB) said the sale site, earmarked for executive condominium (EC) housing, received a joint top bid of S$509.37 million from CDL Constellation and TID Residential. This works out to about S$6,275 per square metre of the gross floor area (GFA).

Mr Ong Teck Hui, National Director for Research at JLL, said: “At $583 psf/pr, it is a stunning top bid for the subject parcel which is way above market expectations and also a record EC unit land price.

"This is also 64 per cent higher than the top bid of S$355 psf/pr for the Anchorvale Lane site in August 2016, which was the last EC tender.”